Reliance Industries downfall is about to start
Reliance Industries which in the past 3-4 days has increase by 3-4 % continuously due to its excellent quarterly results. But the security is overbought in the market. Stock price has crossed the upper risk band, volume oscillator is decreasing and RSI has gone in the overbought zone. Last but not the least stock has given a doji candlestick on last trading day. So traders you can short RIL today around 1240 keep stoploss at 1260 and target at 1210
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